Foreign Currency

ANNUALISED RATES OF PROFIT FOR FOREIGN CURRENCY DEPOSIT
PERIOD: JAN-2020 – JUN-2020
Effective 01 JAN 2020

Tenor Profit Rates (% p.a.)
USD GBP EURO
  Savings Deposit (2,000 & Above)
Saving 0.40% 0.30% 0.00%
  Term Deposits Tier – 1 (2,000 – 10,000)
1 Month 0.30% 0.30% 0.00%
3 Months 0.50% 0.40% 0.00%
6 Months 0.60% 0.50% 0.00%
12 Months 0.70% 0.55% 0.00%
  Term Deposits Tier – 2 (Over 10,001 – 50,000)
1 Month 0.35% 0.35% 0.00%
3 Months 0.60% 0.45% 0.00%
6 Months 0.70% 0.55% 0.00%
12 Months 0.80% 0.60% 0.00%
  Term Deposits Tier – 3 (Over 50,001 – 100,000)
1 Month 0.40% 0.40% 0.00%
3 Months 0.70% 0.50% 0.00%
6 Months 0.80% 0.60% 0.00%
12 Months 0.90% 0.65% 0.00%
  Term Deposits Tier – 4 (Over 100,001 – 200,000)
1 Month 0.45% 0.45% 0.00%
3 Months 0.80% 0.55% 0.00%
6 Months 0.90% 0.65% 0.00%
12 Months 1.00% 0.70% 0.00%
  Term Deposits Tier – 5 (Over 200,000)
1 Month 0.50% 0.50% 0.00%
3 Months 0.90% 0.60% 0.00%
6 Months 1.00% 0.70% 0.00%
12 Months 1.20% 0.75% 0.00%

Important Notice:

FCY TD will be booked for minimum amount of 2,000 (USD/GBP/EURO)
No rate will be applied on FCY Savings balance below 2,000 (USD/GBP/EURO)
These rates are effective from 1-JAN-20 on fresh deposit and roll-overs.

In case of Premature encashment of a time deposit, penalty of 0.25% on principal amount would be applied to an extent where paid profit is either partially or fully adjusted, however there will be no reduction in principal balance.

Profit Rates will be negotiable, subject to approval of Head CRBG & Head Treasury

To download the rate sheet, click here